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Wabtec Corporate (WAB)

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  • Jun. 26, 2013, 4:10 PM
    Wabtec (WAB +3.5%) ticks higher today after the company's MotivePower unit signs a contract with the Massachusetts Bay Transportation Authority to supply 13 additional HSP46 passenger locomotives to be delivered in 2014. The new contract follows previous orders for 27 locomotives and is worth more than $70M including training, manuals and spare parts. The locomotives are manufactured with major components supplied by General Electric's (GE) GE Transportation.
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  • Feb. 1, 2013, 11:27 AM
    Wabtec (WAB +2.8%) moves higher today after saying it's acquired Napier Turbochargers, a UK -based provider of turbochargers and related parts for the worldwide power generation and marine markets with annual sales of about $55M. WAB expects the transaction to be accretive in the first year.
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  • Jun. 15, 2012, 11:44 AM
    Wabtec (WAB +3%) gains after announcing earlier that it's acquired Dutch rail and industrial electronics manufacturer Mors Smitt Holding for $88M from investment firm Eurazeo (EUZOF.PK). The acquisition will give WAB a broader array of offerings for the locomotive and rail car markets.
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  • Apr. 12, 2012, 8:47 AM
    Wabtec (WAB) +6.6% after announcing it expects Q1 EPS of $1.20 and 2012 EPS of $4.80, above Street estimates of $1.02 and $4.37. The maker of locomotive/freight subsystems partly attributes its guidance hike to strength in the global freight rail market. Wabtec's Q1 report is due on April 24. (PR)
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Company Description
Westinghouse Air Brake Technologies Corp is a provider of value-added, technology-based products and services for the rail industry. It provides its products and services through two main business segments, the Freight and Transit.
Sector: Services
Industry: Railroads
Country: United States